Wednesday 5 December 2018

POLLS 99 & 100 IN WHATUK THINKS - GET THE BUBBLY OUT!

Polls 99 and 100 have been published in the WhatUKthinks series going back to August 2016 asking if the decision to leave the EU was RIGHT or WRONG. The amount of people thinking it was the right decision has been falling steadily for about eighteen months and hovering just above the 40% level. I once said when it falls below that point we will know we are winning the argument and I'll open a bottle of something.  Well pass the bubbly.

Support for RIGHT hit a record low of just 38% on 4th December (HERE).

The  figures are 49% WRONG and 38% RIGHT with 13% saying they don't know. If I remove the don't knows (who are these people for goodness sake!) the numbers are 56% for WRONG and 44% for RIGHT - a significant lead of 8%.

These are extraordinary numbers but probably won't be repeated next time. They do however show the absolutely unmistakable direction of travel.

On this topic, I think if and when people begin to see the tangible real world impact of Brexit, minds will change far more quickly. Reuters this morning report (HERE) a shock slide in the Purchasing Managers Index (PMI) - a sort of advanced look at the economy - for the services sector which makes up 80% of the British economy.  It dropped to 50.4 from 52.2 in October. Any figure above 50.0 indicates expansion while anything below means contraction.

Reuters say it suggests "Britain’s economy is on track for quarterly growth of just 0.1 percent in the final three months of 2018, a sharp slowdown from 0.6 percent in the third quarter."

Bear in mind that the ONS say figures for the last three months (the quarter with 0.6% growth) had most of the growth in August while September and October were both flat (HERE) with no growth at all so the final quarter of 2018 will perhaps be when the realisation will finally dawn that Brexit is not good for jobs and wealth creation in this country.

Watch the polls next year. Which government would go through with Brexit when a sizeable majority think it's WRONG?